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Proctor,VT 05765
Key Details
Property Type Commercial
Sub Type Business,Investment,Land,Multi-Family,Opportunity,Retail,Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5030232
Year Built 1880
Annual Tax Amount $7,480
Tax Year 2024
Lot Size 16.780 Acres
Acres 16.78
Property Sub-Type Business,Investment,Land,Multi-Family,Opportunity,Retail,Vacant Land
Property Description
Franklin's Restaurant has been a generational gathering place in the historic town of Proctor, attracting a loyal local following with its small town warmth and welcoming atmosphere reminiscent of a certain popular TV show. Anchoring an important part of the town's social life, the almost 4000 square foot building, complete with two income producing apartments, sits on a 16.78 Acres of land constituting two separate parcels: 5.66 of which host the restaurant/multi-family business, and 11.12-Acres which include the historic Sutherland Falls Quarry, whose unique beauty opens the door to several other income possibilities (such as expanded outdoor catering capabilities and residential development/subdivision). The Restaurant and Multi-family building are available with just the 5.66 acres alone for $499,000, found at MLS#5030231. The Restaurant itself, with innumerable upgrades (list found separately) seats 72 people plus outdoor seating and is a complete and functioning turnkey operation with a loyal staff, convivial atmosphere, wood floors, pool table, attractive bar and state of the art kitchen. Inventory and all furnishings are included in the transfer. Come inspect this promising opportunity today!
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Commercial
Rooms
Basement Entrance Interior
Basement Interior Access
Interior
Inclusions Equipment,Inventory,Land/Building,Land/Building/Business,Building,Furnishings
Exterior
Parking Features Off Street,On-Site,Unpaved
Garage Description Off Street,On-Site,Unpaved
Utilities Available Cable - At Site,Telephone At Site
Roof Type Metal
Building
Sewer Public